SEARCH   
MEMBER LOGIN      
Forgot Password?

Reinsurance in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Reinsurance Market Research Report | SIC K65.200 | Oct 2016

Revenue rises: Higher demand from general and life insurance has supported growth

IBISWorld’s Reinsurance market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Lloyd's of London Lloyd's of London  market share
Munich Re Munich Re market share
Industry Statistics & Market Size
Revenue
£17bn
Annual Growth 12-17
1.7%
Annual Growth 17-22
Purchase to read more
Profit
Purchase to read more
Employment
4,326
Businesses
41
Industry Analysis & Industry Trends

Reinsurance is the business of insuring insurance policies so that direct insurers can manage their risk and limit their liabilities. Reinsurers often also use reinsurance to manage their own policy risks or to generate profit by insuring reinsured policies. This process is known as retrocession. Reinsurance is a global business because geographical risks can be minimised by spreading coverage across a variety of markets. Operators in this industry generate their revenue from policy premiums and investment income. Industry revenue is estimated to grow at a compound annual rate of 1.7% over the five years through 2016-17. Premium income was weak at the start of the period but rebounded over the following years... purchase to read more

Industry Report - Industry Products Chapter

The Reinsurance industry generates revenue from its core activity of reinsurance and investment returns generated from investments. Some reinsurers also directly write life, health, medical and property and casualty insurance, but IBISWorld estimates that direct sales of insurance policies account for less than 5% of industry revenue.

Investment activities

Like primary insurers, reinsurers derive a portion of their revenue from investment activities. Using their capital and the premium revenue they generate, insurance companies invest in a variety of asset classes to supplement any underwriting losses that may occur. They often choose government and corporate bonds. However, no official revenue figures are recorded for this product segment.

.. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Reinsurance Industry?

Companies in this industry specialise in assuming all or part of the risk associated with insurance policies underwritten by insurance companies. In other words, the primary business of participants in the industry is insuring insurance companies by taking on some of the risks they have assumed through their underwriting activities.

Industry Products
Life reinsuranceAccident, health and medical reinsuranceProperty and casualty reinsuranceOther reinsuranceLiability reinsurance
 
Industry Activities
Reinsuring automobilesReinsuring annuities, life insurance and disability incomeReinsuring health and medical policiesReinsuring sureties and titles


View Sample
Quote
Select Clients